Household consumption radar

The Household Consumption Radar is an instrument developed by Statistics Netherlands to analyse developments in consumption by Dutch households and place them in some sort of context. Using six indicators – selected on the basis of an econometric study - the radar monitors whether circumstances have developed favourably or unfavourably for Dutch consumption.

Source: Statistics Netherlands
Inside the dotted line: less favourable than average.

Outside the dotted line: more favourable than average.
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Conditions for household consumption more unfavourable

In May, conditions for Dutch household consumption were more unfavourable than in the previous month. New data have become available for six indicators. One indicator improved, five indicators deteriorated and one remained the same. Household consumption is affected by consumers’ expectations, their personal financial situation and developments on the job market. Although the Radar indicators show a strong correlation with household consumption, improved circumstances are not necessarily translated into increased growth.

The year-on-year increase of the share prices turned into a decrease. Consumers were more negative about their financial situation in the next twelve months and about future unemployment. The year-on-year growth of the employed labour force and the price increase year-on-year of owner-occupied dwellings were smaller. However, manufacturers were more positive about future employment in their company.

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